Warehouse Robotics Market Overview:

Warehouse Robotics Market is the deployment of robotics in the warehouse to perform functions such as pick-place, packaging, transportation, packaging, and palletizing. The integration of warehouse and robotics technology has helped ensure that there is accuracy and automation while increasing the warehouse storage space and operation efficiency. The global warehouse robotics market was valued at $2,442 million in 2016. The warehouse robotics market is projected to grow at a CAGR of 11.6% and is forecast to reach $5,186 million by 2023.

The global warehouse robotics market is largely driven by the increased demand for automation due to the prevailing competition in e-commerce, rise in the number of stock keeping units, and advancements in technology. However, the global warehouse robotics market is restrained by factors such as initial higher costs related to training & deployment, lack of awareness, threat of job displacement, and difficulty in interacting with robots for some end users.

Segment Overview:

The global warehouse robotics market is segmented based on type of robot, function, end user, and geography. On the basis of type of robot, it is classified into SCARA, cylindrical, parallel, mobile, cartesian, and stationery articulated robots. Mobile robots are the most dominant robot used in 2017, followed by articulated robots. Stationery articulated robots provide greater skill in performing tasks and have more degrees of freedom than any other robot. Stationery articulated robots and gantry robots will lose its dominance due to a surge in the use of mobile robots. The major factor for the surge in mobile robots is due to it being smart and autonomous. Stationery articulated robots are expected to grow at a CAGR of 11.9% whereas mobile robots are expected to grow at 12.3% during the forecast period. Growth of these robots will be due to growth in the e-commerce, food & beverage, pharmaceutical, and automotive industry.

On the basis of function, it is categorized into pick & place, assembling&dash;dissembling, transportation, and packaging. Pick & place is the dominant function performed by warehouse robotics, followed by packaging. Transportation will be the fastest growing function at a CAGR of 12.3% during the forecast period. The reason for the growth of transportation is due to growth in mobile robots and increase in application in various industries such as e-commerce, food & beverage, metal & machinery, pharmaceutical, and automotive.

On the basis of end user, it is divided into e-commerce, automotive, food & beverages, electronics & electrical, metal, pharmaceuticals, and others. E-commerce holds the maximum share of warehouse robotics, followed by the automotive industry. Warehouse robotics will grow the fastest in the food & beverage industry at a CAGR of 12% and will rank second with regards to the share of warehouse robotics, which will take over the automotive industry. The reasons for growth in the food & beverage industry in Asia-Pacific & Europe are the increase in deployment of robots in packaging, palletizing, and transportation.

Based on geography, the warehouse robotics market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is the largest user of warehouse robotics, followed by Asia-Pacific. Asia-Pacific will grow faster than North America with North America growing at a CAGR of 11.3% and Asia-Pacific at 12.6% during the forecast period. Asia-Pacific will dominate the warehouse robotics market due to growth in e-commerce, food & beverage, metal & machinery, and electronic & electrical industries.

Top Investment Pockets for the Global Warehouse Robotics Market

The top investment pockets for the global warehouse robotics market have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is the most dominant regional market for warehouse robotics, which accounted for $805 million in 2016. The North American warehouse robotics market is expected to grow at a CAGR of 11.3% and is forecast to reach $1,678 million by 2023. The U.S. was the largest market for warehouse robotics globally in 2016.

The Asia-Pacific market for warehouse robotics is largely driven by China, South Korea, and Japan, where e-commerce, electronics & electrical, food & beverage, metal & machinery, and automotive that are already established.

Key benefits

Comprehensive analysis of the drivers, restraints, and opportunities in the global warehouse robotics market.

In-depth analysis of the players in the global warehouse robotics market for the purpose of investments.

Porter’s five force model helps decide the attractiveness of the global market for potential new entrants.

Extensive analysis to identify the successful strategies and recent developments in the global warehouse robotics market.

Warehouse Robotics Market Key Segments:

By Type

SCARA Robots

Cylindrical Robots

Parallel Robots

Mobile Robots

Gantry Robots

Stationery Articulated Robots

By Function

Pick & Place

Assembling&dash;dissembling

Transportation

Packaging

By End-user

E-commerce

Automotive

Food & Beverages

Electronics & Electrical

Metal & Machinery

Pharmaceuticals

Others.

By Geography

North America

U.S.

Canada

Mexico

Europe

UK

Germany

France

Rest of Europe

Asia-Pacific

Australia

China

India

Rest of Asia-Pacific

LAMEA

Latin America

The Middle East

Africa

Key players:

ABB Ltd.

Fanuc Corp.

Kuka AG

Yaskawa Electric Corp.

Amazon.com, Inc.

Yamaha Robotics

Fetch Robotics, Inc.

Locus Robotics

Omron Corporation

Honeywell International Inc.

Siemens AG.

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Warehouse management is critical to any logistics system and is an essential part of supply chain management. Robotics is a technology that designs, constructs, develops, and operates robots & its automation. Integration of warehouse and robotics technology has helped ensure that there is accuracy and automation while increasing the warehouse storage space and operation efficiency.

The strategic move of takeover of Kiva robotics by Amazon.com, Inc. has been a game changer for warehouse robotics. The move of Amazon.com to stop selling warehouse robots to other customers except itself has forced customers to start their own ventures, which brought players such as Fetch Robotics, Locus Robotics, and others in the industry.

The key factor in the growth of warehouse robotics is the increased demand for automation due to prevailing competition in e-commerce. Success in e-commerce is dependent on those who deliver the right quality in the right place at the right time and can meet the expectations of their customers. The rise of e-commerce and faster delivery times pressure the supply chain and logistics companies to get orders out the door as the earliest.

Warehouse robotics has reduced the time and effort required to scan and update stock inventory, pack parcels, arrange items on shelves, and complete other related tasks in a short span of time. The increasing collaboration of warehouse robotics with e-commerce drives the growth of the global warehouse robotics market.

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